When I looked back I was still in the same amount of debt if not more, it was like an extra 30,000 disappeared and I had nothing to show for it.

Looking in New Jersey, mainly Union and Hudson County. 

But it may prevent you from borrowing more due to the increased debt to equity ratio. 

While appreciation is great, our main goal is cash-flow. 

And, try it at one property to A/B test the rents you can get and time to fill those units between lease-ups.I'm mainly in the 2-4 unit space, and Spokane has lots of 100-yr old houses that were split into apartments during the two world wars.

I am currently a Florida Realtor, mainly using the license to do research investment properties for myself or for my family.

Dropping the rents $100 a unit would still cash flow $200/door with the tenants paying utilities.Numbers at a glance:Gross Income- 22260Taxes- 2084Insurance- 1000Management- 2226Utilities- 9500NOI- 7450 assuming no vacancy or CAPEX (just to illustrate how bad the current numbers are)Debt Service- 6535 (30yr, 20% down, 5.5%)Annual Cash Flow- 915 (Actual for this year with my debt service is -4797 due to CAPEX and no vacancy).

However, if you have an interest-only loan during the first two years, the debt service is lower, thus the cash flow is higher and could meet or exceed 8%.

We have been in the house for 7 years and have replaced the main systems that would be a big costs driver (see below).

Thats one of the main reasons I got out of that business.If you're not an agent then go straight to the seller with questions.